09 Jun 2011

The Trevi division, specialized in ground engineering services, has signed during the months of April and May, a number of contracts which are significant both in terms of technology to be applied in the projects and the scale of the work involved in different geographical areas.

In Africa the contracts involve, for a total of USD 42 million, important harbor works which will be carried out in West Africa. The company will also be involved in the construction of two important ports for a total of EUR 12.4 million. In Algeria the new orders involve infrastructural works for a total of EUR 12 million including the extension of the metro lines in Algeri.

In Italy the company will be involved in carrying out ground consolidation works for the realization of a tunnel in Senigallia for a total of EUR 15 million.

Trevi secured, with success, orders in the Middle East to carry out ground consolidation works for for the extension of a refinery in Abu Dhabi and in Oman. The total of the orders accounts for about EUR 8 million.

In South America the company will conduct harbor works in Argentina for a total of USD 22 million. In Panama, instead, it will conduct works for the extension of the canal for an estimated amount of USD 5 million.

Stefano Trevisani, Chief Executive Officer, commented: “These recent acquired orders in the foundations sector signal, along with the significant market trend in Oil&Gas confirmed by Drillmec’s acquisitions, the steady recovery of the infrastructural market in the primary geographical areas in which the Group permanently operates”